[109 Pages] In 2023, Lithium-ion Battery Recycling Market Size is projected to reach Multimillion USD by 2027, In comparison to 2023.
Lithium-ion Battery Recycling MarketInsights 2023 With “Lithium-ion Battery Recycling market size is projected to reach USD 17640 million by 2027, from USD 2160 million in 2020, at a CAGR of 38.1% during 2021-2027.”Including Types (LiCoO2 Battery, NMC Battery, LiFePO4 Battery, Other), Applications (Automotive, Marine, Industrial, Electric Power), Regions and Forecast to 2027.
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The Global Lithium-ion Battery Recycling Market Report provides In-depth analysis on the market status of the Lithium-ion Battery Recycling Top manufacturers with best facts and figures, meaning, Definition, SWOT and PESTAL analysis, expert opinions and the latest developments across the globe. In the near future, the worldwide Lithium-ion Battery Recycling market is likely to benefit from an increase in the number of “Automotive, Marine, Industrial, Electric Power”.
During the COVID-19 period, the global economy may be affected in three different ways: directly as it relates to production and demand, indirectly as it relates to supply chains and markets, and as a result of its financial consequences on firms and financial markets. Analysts monitoring the situation around the world explain that producers will be rewarded after the COVID-19 crisis. In this report, we provide an additional illustration of the latest economic slowdown, COVID-19 impact on the industry, and the latest scenario.
Final Report will add the analysis of the impact of COVID-19 on this industry.
Technological innovation and advancement will further optimize the performance of the product, enabling it to acquire a wider range of applications in the downstream market. Moreover, customer preference analysis, market dynamics (drivers, restraints, opportunities), new product release, impact of COVID-19, regional conflicts and carbon neutrality provide crucial information for us to take a deep dive into the Lithium-ion Battery Recycling Market.
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The research covers the current Rectifiers market size of the market and its growth rates based on 6-year records with a company outline of Key Players/Manufacturers:
- Brunp Recycling
- SungEel HiTech
- Taisen Recycling
- Retriev Technologies
- 4R Energy Corp
- OnTo Technology
Lithium-ion Battery Recycling Market Analysis and Insights:
The Global Lithium-ion Battery Recycling Market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2027. In 2021, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Battery recycling is a recycling activity that aims to reduce the number of batteries being disposed as municipal solid waste. Batteries contain a number of heavy metals and toxic chemicals and disposing of them by the same process as regular trash has raised concerns over soil contamination and water pollution.
Lithium-ion batteries and lithium iron phosphate (LiFePO4) batteries often contain among other useful metals high-grade copper and aluminium in addition to depending on the active material transition metals cobalt and nickel as well as rare earths. To prevent a future shortage of cobalt, nickel, and lithium and to enable a sustainable life cycle of these technologies, recycling processes for lithium batteries are needed. These processes have to regain not only cobalt, nickel, copper, and aluminium from spent battery cells, but also a significant share of lithium. In order to achieve this goal, several unit operations are combined into complex process chains, especially considering the task to recover high rates of valuable materials with regard to involved safety issues.
Global Lithium-ion Battery Recycling key players include Umicore, GEM, Brunp Recycling, SungEel HiTech, Taisen Recycling, etc. Global top five manufacturers hold a share about 15%.
China is the largest market, with a share about 35%, followed by North America and Europe, both have a share about 30 percent.
In terms of product, LiCoO2 Battery is the largest segment, with a share over 65%. And in terms of application, the largest application is Electric Power, followed by Automotive.
Market Analysis and Insights: Global Lithium-ion Battery Recycling Market
The global Lithium-ion Battery Recycling market size is projected to reach USD 17640 million by 2027, from USD 2160 million in 2020, at a CAGR of 38.1% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Lithium-ion Battery Recycling market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Lithium-ion Battery Recycling market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Lithium-ion Battery Recycling market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Lithium-ion Battery Recycling market.
Global Lithium-ion Battery Recycling Scope and Market Size
Lithium-ion Battery Recycling market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Lithium-ion Battery Recycling market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.
The report further studies the market development status and future Lithium-ion Battery Recycling Market trend across the world. Also, it splits Lithium-ion Battery Recycling Market Segmentation by Type and by Application to fully and deeply research and reveal market profile and prospects.
On the basis of product type this report displays the production, revenue, price, market share and growth rate of each type, primarily split into:
- LiCoO2 Battery
- NMC Battery
- LiFePO4 Battery
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including:
- Electric Power
Chapters 7-26 focus on the regional market. We have selected the most representative 20 countries from 197 countries in the world and conducted a detailed analysis and overview of the market development of these countries.
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
SOME OF THE KEY QUESTIONS ANSWERED IN THIS REPORT:
- What is the global (North America, Europe, Asia-Pacific, South America, Middle East and Africa) sales value, production value, consumption value, import and export of Lithium-ion Battery Recycling?
- Who are the global key manufacturers of the Lithium-ion Battery Recycling Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?
- What are the Lithium-ion Battery Recycling market opportunities and threats faced by the vendors in the global Lithium-ion Battery Recycling Industry?
- Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
- What focused approach and constraints are holding the Lithium-ion Battery Recycling market?
- What are the different sales, marketing, and distribution channels in the global industry?
- What are the upstream raw materials and manufacturing equipment of Lithium-ion Battery Recycling along with the manufacturing process of Lithium-ion Battery Recycling?
- What are the key market trends impacting the growth of the Lithium-ion Battery Recycling market?
- Economic impact on the Lithium-ion Battery Recycling industry and development trend of the Lithium-ion Battery Recycling industry?
- What are the market opportunities, market risk, and market overview of the Lithium-ion Battery Recycling market?
- What are the key drivers, restraints, opportunities, and challenges of the Lithium-ion Battery Recycling market, and how they are expected to impact the market?
- What is the Lithium-ion Battery Recycling market size at the regional and country-level?
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Major Points from Table of Contents –
Global Lithium-ion Battery Recycling Market Research Report 2023-2027, by Manufacturers, Regions, Types and Applications
1.1 Objective of the Study
1.2 Definition of the Market
1.3 Market Scope
1.3.1 Market Segment by Type, Application and Marketing Channel
1.3.2 Major Regions Covered (North America, Europe, Asia Pacific, Mid East and Africa)
1.4 Years Considered for the Study (2017-2027)
1.5 Currency Considered (U.S. Dollar)
2 Key Findings of the Study
3 Market Dynamics
3.1 Driving Factors for this Market
3.2 Factors Challenging the Market
3.3 Opportunities of the Global Lithium-ion Battery Recycling Market (Regions, Growing/Emerging Downstream Market Analysis)
3.4 Technological and Market Developments in the Lithium-ion Battery Recycling Market
3.5 Industry News by Region
3.6 Regulatory Scenario by Region/Country
3.7 Market Investment Scenario Strategic Recommendations Analysis
4 Value Chain of the Lithium-ion Battery Recycling Market
4.1 Value Chain Status
4.2 Upstream Raw Material Analysis
4.3 Midstream Major Company Analysis (by Manufacturing Base, by Product Type)
4.5 Downstream Major Customer Analysis (by Region)
5 Global Lithium-ion Battery Recycling Market-Segmentation by Type
6 Global Lithium-ion Battery Recycling Market-Segmentation by Application
7 Global Lithium-ion Battery Recycling Market-Segmentation by Marketing Channel
7.1 Traditional Marketing Channel (Offline)
7.2 Online Channel
8 Competitive Intelligence Company Profiles
9 Global Lithium-ion Battery Recycling Market-Segmentation by Geography
9.1 North America
9.4 Latin America
9.5 Middle East and Africa
10 Future Forecast of the Global Lithium-ion Battery Recycling Market from 2023-2027
10.1 Future Forecast of the Global Lithium-ion Battery Recycling Market from (2023-2027) Segment by Region
10.2 Global Lithium-ion Battery Recycling Production and Growth Rate Forecast by Type (2023-2027)
10.3 Global Lithium-ion Battery Recycling Consumption and Growth Rate Forecast by Application (2023-2027)
12.2 Research Data Source
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- To get a comprehensive overview of the Lithium-ion Battery Recycling Market
- To gain wide ranging information about the top players in this industry, their product portfolios, and key strategies adopted by the players.
- To gain insights of the countries/regions in the Lithium-ion Battery Recycling Market.
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